Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 155,288 shares, a growth of 217.5% from the September 30th total of 48,915 shares. Based on an average daily volume of 393,230 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the shares of the company are sold short.
Invesco BulletShares 2034 Corporate Bond ETF Price Performance
Shares of NASDAQ:BSCY traded up $0.01 during midday trading on Friday, reaching $19.88. 61,625 shares of the company were exchanged, compared to its average volume of 156,500. The business’s fifty day moving average is $19.89 and its two-hundred day moving average is $20.53. Invesco BulletShares 2034 Corporate Bond ETF has a one year low of $19.43 and a one year high of $21.24.
Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a dividend of $0.0853 per share. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0809. This represents a $1.02 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, October 19th.
Institutional Investors Weigh In On Invesco BulletShares 2034 Corporate Bond ETF
Several hedge funds have recently made changes to their positions in BSCY. Clark Asset Management LLC increased its stake in Invesco BulletShares 2034 Corporate Bond ETF by 25.3% during the 2nd quarter. Clark Asset Management LLC now owns 404,980 shares of the company’s stock valued at $8,369,000 after purchasing an additional 81,885 shares in the last quarter. DWM Financial Group Inc. purchased a new position in Invesco BulletShares 2034 Corporate Bond ETF during the third quarter valued at approximately $6,592,000. Janney Montgomery Scott LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth $5,362,000. Bank of America Corp DE grew its stake in Invesco BulletShares 2034 Corporate Bond ETF by 53.3% in the 1st quarter. Bank of America Corp DE now owns 230,755 shares of the company’s stock valued at $4,776,000 after acquiring an additional 80,182 shares during the period. Finally, Stephens Inc. AR increased its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 14.7% during the first quarter. Stephens Inc. AR now owns 203,368 shares of the company’s stock worth $4,209,000 after purchasing an additional 26,056 shares in the last quarter.
About Invesco BulletShares 2034 Corporate Bond ETF
The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.
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